Anyone know how much PSPs are in duty free?

Matblack · 2 Mar 2006 at 11:34

Going through Gatwick tomorrow and tempted with a PSP for the flight, anyone know how much they are in Duty Free?

MB

Oakesy2001uk · 2 Mar 2006 at 11:45

normal price minus 17.5% ??
or isnt it that easy?

Matblack · 2 Mar 2006 at 12:04

Oakesy2001uk said:
normal price minus 17.5% ??
or isnt it that easy?

Not usually, I called and they only have the Gigapack with 3 games for £250

MB

oweneades · 2 Mar 2006 at 14:14

Well they *should be* the same price as a PSP minus the VAT (not as simply as taking off 17.5% as you would be taking of 17.5% of 179.99 instead of the original value).

However Gatwicks actual RRP may be higher to start with so you would be better off getting it from game or somewhere like that.

Boogle · 2 Mar 2006 at 14:37

oweneades said:
Well they *should be* the same price as a PSP minus the VAT (not as simply as taking off 17.5% as you would be taking of 17.5% of 179.99 instead of the original value).

However Gatwicks actual RRP may be higher to start with so you would be better off getting it from game or somewhere like that.

iirc, that would be (179.99 / 117.5) * 100, to get the value without VAT. Could easily be wrong tho.

L33 · 2 Mar 2006 at 15:23

Boogle said:
iirc, that would be (179.99 / 117.5) * 100, to get the value without VAT. Could easily be wrong tho.

That will give a close but slightly wrong figure, 179.99 * 0.825 will give the value without VAT (£148.49)

siztenboots · 2 Mar 2006 at 15:26

L33 said:
That will give a close but slightly wrong figure, 179.99 * 0.825 will give the value without VAT (£148.49)

So £100 + vat = 100 * 1.175 = £117.50

£117.50 minus vat = 117.50 / 1.175 = £100 ?

L33 · 2 Mar 2006 at 15:31

siztenboots said:
So £100 + vat = 100 * 1.175 = £117.50

£117.50 minus vat = 117.50 / 1.175 = £100 ?

Yup!

Boogle · 2 Mar 2006 at 15:44

L33 said:
That will give a close but slightly wrong figure, 179.99 * 0.825 will give the value without VAT (£148.49)

£148.49 isn't correct - since £148.49 + VAT is 174.47575. Reason being multiplying by 0.825 is essentially taking 17.5% off of the end figure (after VAT) not the earlier figure (before VAT).

~J~ · 2 Mar 2006 at 15:51

Just divide the price WITH vat by 1.175! Simple

Adding VAT, none of this fancy brackets stuff, just multiply it by 1.175.

So the original price is £179.99, so the price without the vat is...

179.99 / 1.175 = £153.18

monkeyspank · 2 Mar 2006 at 16:02

Where are you gonna charge it dude?

Matblack · 2 Mar 2006 at 18:28

monkeyspank said:
Where are you gonna charge it dude?

I just did

Bought one at lunchtime, with Everybodies Gold, Ridge Racer and some puzzle game, came to £230, not too bad. It was the Giga pack too

MB

Boogle · 2 Mar 2006 at 22:54

~J~ said:
Just divide the price WITH vat by 1.175! Simple

Adding VAT, none of this fancy brackets stuff, just multiply it by 1.175.

Thats what I put, just simplified

monkeyspank · 3 Mar 2006 at 09:52

Nice one Mat

Enjoy it! I've just bought myself Tales of Eternia. I've been waiting for a decent RPG for a while so this should keep me happy.

As for duty free goods, I thought VAT and duty were two different things.

chimaera · 3 Mar 2006 at 12:19

Correct me if i'm wrong but duty free as it once was doesn't exist anymore except in name, it was abolished a few years ago, however the shops still give a discount to drive sales.

Hence why most stores in airports don't give you a full 17.5% discount, i still find its cheaper to buy online.

monkeyspank · 3 Mar 2006 at 12:28

17.5% would make it VAT-free, not duty free. When goods come into the country, duty is applied and then VAT (yes, you pay VAT on duty charges lol). Nothing that I know of is subject to 17.5% duty.

delta555 · 3 Mar 2006 at 14:05

Oakesy2001uk said:
normal price minus 17.5% ??
or isnt it that easy?

that is bad maths there.

The actual price would be (normal price)/1.175

take this example

something (x) costs £100 before VAT, so with VAT, it would be £117.5

Your way would mean that it would be 117.5 - (117.5*0.175) which is £79.44, but the original price without VAT was £100.

EDIT/ Sorry, didnt read all the correction posts before i wrote this

monkeyspank · 3 Mar 2006 at 14:31

VAT has nothing to do with it anyway. Duty on video games is about 3%. Not sure on consoles though.